Suzuki to increase its car price by Rs. 20,000 to 40,000 from 1st August 2018

Pak Suzuki Motors Limited., (PSMCL) has once again increased the prices of its vehicles. The new prices will be applicable from the 1st of August, 2018. The maximum increase in the car prices is from 20,000 to 40,000. The circular which the company has sent to its dealerships the new prices.

According to a July 31, 2018 circular, Pak Suzuki Motors increased the price of Suzuki Mehran VX model to Rs 769,000 from Rs 739,000. The Mehran VX model would be discontinued from November 2018. The new price of Suzuki Mehran, VXR has been raised to Rs 840,000 as compared to Rs 795,000. Suzuki Bolan and BolanCargo will now be priced at Rs 834,000 and Rs 800,000 compared to Rs 814,000 and Rs 780,000 respectively. The price of Swift manual transmission and Swift automatic transmission has been jumped to Rs 1.475 million and Rs 1.611m from Rs 1.435m and Rs 1.571m earlier.

In a circular to its authorized dealers, PSMCL said the price hold will not be applicable to old pending and due orders which failed to deposit their payment within tentative delivery date of vehicles. It is important to mention that the retail prices are inclusive of ex-factory product price and freight charges incurred on the vehicle to reach dealership premises. The company has also increased the prices of its two-wheeler vehicles. In the two-wheeler segment, the company raised prices by Rs 3,000 to Rs 6.500. The price of GR 150 has been jumped to Rs 229,000 from Rs222,500. GD110S will now be available at Rs 145,000 instead of Rs 139,000 and SD 110 Eco at Rs 119,900 against its previous price of Rs 114,900. Similarly, prices of G S150 and GS150SE have been increased up by Rs 3,000 each to Rs 150,000 and Rs 170,000, respectively.

Meanwhile, the local automakers also argued that not all parts of the cars are manufactured locally, so the automakers are forced to import parts from foreign vendors, which due to the devaluation of the rupee have now become expensive.

Looking at Suzuki’s latest move, one can argue that Honda Atlas, IMC Toyota, and Al-Haj FAW might also surge the prices of their vehicles sooner or later.